Vermilion Energy Inc. (NYSE:VET) Given Average Recommendation of “Reduce” by Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has earned an average rating of “Reduce” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of brokerages have recently commented on VET. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Zacks Research lowered Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st.

Institutional Investors Weigh In On Vermilion Energy

A number of large investors have recently made changes to their positions in VET. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vermilion Energy by 12.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Vermilion Energy by 5.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,430 shares in the last quarter. Savant Capital LLC lifted its holdings in Vermilion Energy by 14.8% in the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock worth $102,000 after purchasing an additional 1,671 shares during the last quarter. Hilltop National Bank boosted its position in Vermilion Energy by 5.7% during the fourth quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company’s stock worth $265,000 after purchasing an additional 1,720 shares during the period. Finally, State of Wyoming boosted its position in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,747 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Stock Up 1.9%

NYSE VET opened at $12.48 on Wednesday. Vermilion Energy has a 12 month low of $6.22 and a 12 month high of $14.82. The company has a market capitalization of $1.90 billion, a P/E ratio of -3.26 and a beta of 0.36. The company’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $10.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%. Equities research analysts expect that Vermilion Energy will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.47%.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).